COMPETITION AND SUPPLY IN LONDON TAXIS

The article examines reasons for the expansion of the London taxi trade and assesses the influence of tourist demand and competition from the hire car trade. The trend of real prices for taxis is compared with that of buses and underground rail services. The author considers the influence of changes in productivity, shifts to input prices, and innovation. This study involves an exploration of supply, especially of drivers, and of the cost structure underlying fares. A principal feature is found to be the radical changes in labour contracts for London taxis associated with free entry subject to quality constraints. /TRRL/

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  • Corporate Authors:

    London School of Economics and Political Science

    Houghton Street, Aldwych
    London WC2A 2AE,   England 
  • Authors:
    • Beesley, M E
  • Publication Date: 1979-1

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00301866
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Files: ITRD, TRIS
  • Created Date: Dec 19 1981 12:00AM